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An angel investor is someone who brings an investment to an early-stage startup company. In exchange for that investment, they get a stake in the company. Understanding that startups are risky, they typically bring between $25,000 and $100,000 to the table in the...
Good news if your business has been struggling due to COVID-19 or the lockdowns. The federal government has extended the Paycheck Protection Program (PPP) through the end of May to allow companies more time to apply and to allow more time to process the applications....
The Paycheck Protection Program (PPP) was meant to provide small businesses with the extra cash they needed to maintain their payrolls during the pandemic, when times were bad. The loans are forgivable for those who actually use the money to keep their employees on...
When you start a brand-new business, you have to make sacrifices. You’ll be working a lot, naturally. You’ll be networking and building up the connections that will serve you in the long term. There may not be a lot of money at first, even if you secure significant...
The choice of a business entity involves consideration of your immediate and long-term goals. Choosing to operate as a sole proprietorship, a general partnership, a limited liability company (LLC), a corporation or some other entity has legal, risk and tax...
When it comes to estate planning, most people think about their tangible assets such as their house, car and personal effects. They might also think of their intangibles, such as savings accounts, retirement accounts and stocks. What some people fail to take into...
Over the last few years, Democratic leadership has been calling for increased federal taxes on corporations and wealthy individuals. Now that they have the White House and majorities in the House and Senate, their tax increases are more likely to pass. According to...
When you organize a business entity, one of the main considerations is liability. Who should be held responsible for damages or debts caused by the business’s actions? Should the owners, members or shareholders be liable? Or is the business its own entity that is...
Even well-drafted estate plans can fail, meaning they fail to achieve your goals when the time comes. Those goals are generally 1) to distribute your assets to your heirs and beneficiaries; 2) to pay your creditors and taxes; 3) to prevent undue losses of assets or...
Have you fought hard to close a deal only to have it fall apart during implementation? Have you negotiated a contract that didn’t stand up to real-world conditions? Has a dispute arisen because you didn’t foresee a certain eventuality? There are ways to prevent...